1,401 Shares in Sterling Infrastructure, Inc. $STRL Acquired by Summit Global Investments

Summit Global Investments bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,401 shares of the construction company’s stock, valued at approximately $1,176,000.

A number of other hedge funds have also added to or reduced their stakes in STRL. Kemnay Advisory Services Inc. purchased a new position in shares of Sterling Infrastructure in the 4th quarter worth $31,000. EverSource Wealth Advisors LLC increased its position in Sterling Infrastructure by 33.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after acquiring an additional 27 shares during the last quarter. Cedar Mountain Advisors LLC increased its position in Sterling Infrastructure by 8,000.0% during the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock valued at $33,000 after acquiring an additional 80 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in Sterling Infrastructure by 6,950.0% in the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock valued at $33,000 after acquiring an additional 139 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Sterling Infrastructure by 316.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock valued at $35,000 after acquiring an additional 79 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Price Performance

NASDAQ STRL opened at $576.48 on Friday. The company has a market capitalization of $17.63 billion, a PE ratio of 41.56, a price-to-earnings-growth ratio of 1.93 and a beta of 1.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11. The business’s fifty day moving average is $704.54 and its 200 day moving average is $591.04. Sterling Infrastructure, Inc. has a fifty-two week low of $263.45 and a fifty-two week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.01 by $0.79. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The company’s quarterly revenue was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. Sell-side analysts predict that Sterling Infrastructure, Inc. will post 19.11 earnings per share for the current year.

Insider Buying and Selling at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the completion of the transaction, the general counsel directly owned 28,137 shares in the company, valued at approximately $24,985,656. The trade was a 8.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on STRL shares. Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Cantor Fitzgerald reduced their price target on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. KeyCorp dropped their price objective on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Finally, Zacks Research lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $657.00.

Sterling Infrastructure Profile

Sterling Infrastructure, Inc (NASDAQ: STRL) is a diversified manufacturer and distributor of essential infrastructure products serving municipal, utility and industrial customers across North America. Through its network of wholly owned subsidiaries, the company designs, engineers and produces a wide range of cast and fabricated solutions tailored to the needs of the waterworks, natural gas, telecommunications, electric, traffic safety and parks & recreation markets.

The company’s product portfolio encompasses ductile iron and composite fittings, valve boxes, manhole frames and covers, water and gas meter sets, street light poles and mounting accessories, traffic sign posts with breakaway systems, bollards and related system components.